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dc.contributor.authorGillenwater, Michael
dc.contributor.authorLu, Xi
dc.contributor.authorFischlein, Miriam
dc.date.accessioned2013-12-12T18:51:33Z
dc.date.issued2014
dc.identifierQuick submit: 2013-12-06T10:12:34-05:00
dc.identifier.citationGillenwater, Michael, Xi Lu, and Miriam Fischlein. 2014. Additionality of wind energy investments in the U.S. voluntary green power market. Renewable Energy 63(March): 452-457.en_US
dc.identifier.issn0960-1481en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:11373152
dc.description.abstractIn the United States, electricity consumers are told that they can “buy” electricity from renewable energy projects, versus fossil fuel-fired facilities, through participation in voluntary green power markets. The marketing messages communicate to consumers that they are causing additional renewable energy generation and reducing emissions through their participation and premium payments for a green label. Using a spatial financial model and a database of registered Green-e wind power facilities, the analysis in this paper shows that the voluntary Renewable Energy Certificate (REC) market has a negligible influence on the economic feasibility of these facilities. Nevertheless, voluntary green power marketers at least implicitly claim that buying their products creates additional renewable energy. This study indicates the contrary. Participants in U.S. voluntary green power markets associated with wind power, therefore, appear to be receiving misleading marketing messages regarding the effect of their participation. In the process of completing this analysis, a potentially relevant factor in explaining investor behavior was identified: the potential for the overlap of voluntary REC markets with compliance REC markets that supply utilities need to meet their obligations of Renewable Energy Portfolio Standard (RPS). The majority of state RPS rules allow for regional or even national sourcing of RECs, meaning that projects are generally eligible to provide compliance RECs to utilities not only in their home states, but in several other states.en_US
dc.description.sponsorshipEngineering and Applied Sciencesen_US
dc.language.isoen_USen_US
dc.publisherElsevieren_US
dc.relation.isversionof10.1016/j.renene.2013.10.003en_US
dash.licenseLAA
dc.subjectgreen poweren_US
dc.subjectrenewable energy certificatesen_US
dc.subjectwind poweren_US
dc.subjectrenewable portfolio standarden_US
dc.titleAdditionality of Wind Energy Investments in the U.S. Voluntary Green Power Marketen_US
dc.typeJournal Articleen_US
dc.date.updated2013-12-06T15:13:55Z
dc.description.versionAccepted Manuscripten_US
dc.rights.holderMichael Gillenwater, Xi LU, Miriam Fischlein
dc.relation.journalRenewable Energyen_US
dash.depositing.authorLu, Xi
dc.date.available2013-12-13T08:30:36Z
dc.identifier.doi10.1016/j.renene.2013.10.003*
dash.contributor.affiliatedLu, Xi


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